Is there really a skills shortage? In real estate?

I do see some advertisements in SEEK and MyCareer looking for real estate agents. I would like to work in the real estate industry but not a residential real estate agent. I have nothing against them, it's just that I prefer to be in the commercial side of real estate.

Research Assistant/Analyst. Is there a shortage in this area? Do you know anybody doing research?

Commercial Real Estate Agents (Sales & Leasing). What's the difference between Commercial and Residential REs?

Portfolio Managers. What's exactly involved in this? Some info would be nice.

Valuers. Is there a shortage of valuers around?

Land Economist. It's popping out from time to time but I wonder if there is a shortage of them.

Apart from Civil, Construction, Conveyancing, Property Lawyer, Surveying related roles, are there roles out there that I might not be aware of?

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No comments? I would have thought that there would be somebody able to contribute. I really want to have a bit more insight on what these roles do specially from individuals who have experience and have experienced dealing with them.

I would appreciate any info though, any...... good, bad, ugly.... 

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I didn't want to comment because I thought that somebody else might answer your questions more specifically, and also, I dont know about changes in demand for the jobs you just mentioned.

From my own perspective (property developer with real estate agents in the family and about 50% of the people I associate with being either builders, contractors, investors, developers, or real estate agents) I have noticed a huge exodus from the real estate industry as the boom ended and all of a sudden, all of these wannabe real estate agents who sold a few houses that were going to sell anyway realised that they didnt have the ability to compete with real estate agents who were actually good at it.

I have been waiting for this to happen for quite a long time, actually. I got sick and tired of being talked to by a bunch of kids who had more business working at mcdonalds than they did selling people's property as if they somehow knew something more than I did because they had done a 6 week RE course for $3000.

Sorry I couldn't help more, but what I think, I said. I will say, though, that if I were to choose any of the above, I would choose being a valuer. When people are uncertain (and we are in uncertain times), and stressed, they tend to do their homework and use valuers. In my experience, of course. :)

Thanks for your post OceanA.

Whereabouts are you again? How is the development business around your area? Are you an architect or have an architectural background?

I'm in Melbourne and do see a lot of advertisements for real estate agents.

I'm more after people's observations which is exactly what you did.

Have you had experiences with valuers? I read valuation reports and hopefully by the end of the year, I'll understand the full extent once I've done the 3 modules of valuation in the Uni program that I'm doing.

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darwin NT
developing is challenging as always
buddied up with an architectural firm doing some CGI. can design buildings, but no formal architectural training (really, it isnt that hard)yes had experience with valuers, they charge a lot for little imo, and in turbulent times, theyll be charging a lot of people a lot for little

Well, I was a real estate agent for 3 years. I loved it but its hard work. And everyone seems to want to beat up in real estate agents. I think valuers have to have a higher standard of training. There is one organisation I know who has been commissioned to undertake a study into property investing but I am not sure that I can share it here. Commercial- I imagine would be very hard- not so many agents, not so many renters. Its a TOUGH gig that and a lot of turnover-- that is why a lot of ads on seek

www.womeninproperty.net.au
Supporting Women to invest in property

There is no shortage of real estate agents, most residential agents are just short of skills. What do you expect when you can get your ticket in 3 days or your license in 4 weeks.

Most commercial agents have got more than the basics ie they will have a land economics degree, specialise in sales, portfolio/property management, asset management Etc.......if you work in the commercial sphere you are generally dealing with more educated buyers so your own expertise should reflect the target market.

Portfolio management involves management of a client's portfolio of properties including provision of life cycle planning, asset management, management of agents performing leasing or sales etc.

There is a shortage of valuers - average age is the mid 40's. They are generally degree qualified with several years post-grad. Professional indemnity insurance is the big killer here.

I am opinionated. Take me at face value, read between the lines.

http://www.reao.com.au/forum/entry.php?80-How-bright-is-your-agent

So my question about 'skills shortage' is appropriate then. So there is no 'job shortage' ?

I'm only hoping that my current study will open doors specially when I start attending API's Continuing Development Program.

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